Fixed Price | Time & Material | ||||
---|---|---|---|---|---|
Structure | You pay a Fixed Price for the whole project regardless of the Expenses | You pay only for the hours reported and other material expenses | |||
Cost | The Cost is fixed, any risks are handled by AMT | The Cost is fixed per month per resource, may turn out to be less than Fixed Price | |||
Scope | Predefined and Fixed | You may change it easily | |||
Change Requests | Need to go through a Change Request | Easily Managed by You | |||
Time | Predefined | Flexible based on your Scope | |||
Which option? | More suitable for predefined Scope and detailed Requirements before project beginning | More Suitable for iterative development, Agile Projects that require quick, small builds and quick customer feedback |